Japan's government reiterates that a 2% inflation target will form the basis of a new policy...

|By:, SA News Editor

Japan's government reiterates that a 2% inflation target will form the basis of a new policy accord with the Bank of Japan, although they play down a report that the BOJ will be given responsibility for ensuring stable employment. The report also said the accord won't set a time frame for the inflation goal. BOJ board member Sayuri Shirai says she's open to a target, "if it is not taken as a rigid monetary policy."